EUR/GBP has broken a daily downtrend and an hourly downtrend.
We are waiting for a retest of the previous resistance which also is the 50% retracement of Fibonacci, and we are also waiting for it to act as a support to see the price fly up to 0.88555.
We need to be careful because the indicators are showing us an overbought EUR/GBP and the retracement could be further than expected
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.